Page 13 - Mindtree

Mindtree takes share buyback route to fend off L&T; size may be Rs 1,000 cr

In January, A M Naik, executive chairman of the L&T group, had confirmed that the engineering major was looking at acquiring a stake in Mindtree

Mindtree will buck the trend of IT consolidation, says CEO Rostow Ravanan

Rostow Ravanan says with founders at helm, company is best placed to protect sharehoders' interest; L&T board meet may take final call

Hostile takeover bids rare in the IT industry globally, say experts

Such a move by any rival IT firm may lead to value erosion for both entities

Fairfax edges past L&T Infotech, Tech Mahindra in race for Mindtree stake

Mindtree's founders are unwilling to shed their holding as the mid-tier firm is showing a strong growth momentum

Mindtree profit up 35% in Q3, becomes billion dollar firm on run rate basis

Promoters stake sale not on cards, says management

New deals, demand growth across verticals are positives for Mindtree stock

Current contract pipeline, as well as demand growth across verticals, are positives for the company

V G Siddhartha likely to offload Mindtree stake through bulk deals

Siddhartha, who first invested in Mindtree in 1999, holds 21% in the IT services firm through his various entities

Any big investor exit won't affect Mindtree, says CEO Rostow Ravanan

A lot of large investors exited after Mindtree's listing on the bourses

Mindtree focusing on IP-driven growth as traditional legacy biz slows down

The move comes at a time when the traditional software maintenance and support works are slowly drying up

Mindtree tanks 18% on revenue miss, cautious outlook; analysts mixed

In dollar terms, Mindtree posted $246.4 million in revenues, a growth of 19.5 per cent y-o-y and two per cent sequentially.

Mindtree posts healthy Q2 numbers on back of sound growth; outlook positive

Net profit rises 65%, travel & hospitality, hi-tech segments drive growth

Mindtree Q2 net up 65% to Rs 2.06 bn; revenue rises 31% to Rs 17.5 bn

The Board of Directors have declared an interim dividend of Rs 3 per equity share

Mindtree partners IIT Madras for endowed faculty fellow position in AI

The endowment will empower the academic institution with industry specific knowledge and resources to help create solutions to accelerate the growth and adoption of Data Science and AI globally

MindTree slips 9% on profit booking after Q1 results

In past one year, shares of MindTree had outperformed the market by surging 109% as compared to 15% rise in the S&P BSE Sensex till Wednesday.

We are not looking at further acquisitions, says Mindtree's Rostow Ravanan

The firm plans to focus on digital biz and build solution capabilities, says CEO

Mindtree shares end 4.5% lower after Q1 earnings

The company's market valuation fell by Rs 378.49 crore to Rs 8,140.51 crore

MindTree gains on share buyback plan

The board will meet on June 28, to consider a share buyback proposal.

Mindtree to consider share buyback

Mid-size IT services firm MindTree said it would look at share buyback plan, joining larger firms such as TCS, Infosys, HCL. The company has informed the BSE the proposal for a buyback would be taken up at the Board meeting on June 28. "...a meeting of the Board of Directors of the Company will be held on June 28, 2017 to inter-alia, consider the proposal to buyback the fully paid-up equity shares of the Company. Further, pursuant to Company's Code for Prevention of Insider Trading, the Trading Window of the Company will be closed from June 26, 2017 to June 30, 2017 (both the days inclusive) for the Designated Persons and others," said the Bengaluru-based company in a filing. Mindtree has a market cap of Rs 8749 crore and its share price closed Rs 1.45 or 0.28 per cent up at Rs 520.70 on the BSE on Thursday. Analysts say the company might consider a token buyback of shares, which could be worth a small percentage of the market cap. IT services companies have started opting for ...

Digital deals to offset decline in traditional services: Mindtree

Indian IT service companies have seen a major shift in technology in recent years

Amid IT job cuts, Mindtree to hire 1,400 employees in Bhubaneswar

Midsized IT company Mindtree plans to increase its headcount by 1400 at its Bhubaneswar campus in next six months."The expansion of Mindtree with additional two lakh sq ft will be completed in next six months which will have additional employment of 1,400 IT (information technology) professionals" , Electronics and Information Technology minister Chandra Sarathi Behera said here.The company's campus, Mindtree Kalinga, as it is named, is spread across 20 acres of land. It hosts the Global Learning Center and the Social Centre of the company.Behera said, Mindtree started its operation at Bhubaneswar with Global Learning Centre from September 2015 with a built up space of five lakh sq ft and having IT manpower of 900.The minister said the four major IT companies Infosys, Tech-Mahindra, Wipro and TCS have made huge expansion of their development centres in Bhubaneswar during last three years.Infosys had started its second development centre with two lakh sq ft space at InfoValley, ...